Ethereum Classic / Euro may fall to 25.60 - 26.10

Our pivot point stands at 27.77.

Our preference

The downside prevails as long as 27.77 is resistance.

Alternative scenario

The upside breakout of 27.77, would call for 28.62 and 29.13.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 27.28 and 27.30).

Supports and resistances

29.13 **

28.62 *

27.77 **

27.44

27.11 last

26.10

25.60 **

25.09 *

24.59 **

Number of asterisks represents the strength of support and resistance levels.